Note: Today’s post isn’t part of the regular publication schedule. I’ll be back tomorrow morning with the Tractor Supply deep dive. On April 6th, The Bear Cave published a research report titled “Problems at Airbnb (ABNB)”. While Edwin Dorsey (the author) makes some reasonable points about the inherent challenges faced in this business, I think his conclusions are misguided. Before jumping in, a quick disclosure: as TSOH Investment Research service subscribers know, I’ve never owned Airbnb. It’s a company I’ve followed for years and would invest in at the right price, but the stars haven’t aligned (yet). With that all out of the way, here’s an overview of The Bear Cave’s thesis (from the introduction of “Problems at Airbnb”):
A Rebuttal To "Problems At Airbnb"
A Rebuttal To "Problems At Airbnb"
A Rebuttal To "Problems At Airbnb"
Note: Today’s post isn’t part of the regular publication schedule. I’ll be back tomorrow morning with the Tractor Supply deep dive. On April 6th, The Bear Cave published a research report titled “Problems at Airbnb (ABNB)”. While Edwin Dorsey (the author) makes some reasonable points about the inherent challenges faced in this business, I think his conclusions are misguided. Before jumping in, a quick disclosure: as TSOH Investment Research service subscribers know, I’ve never owned Airbnb. It’s a company I’ve followed for years and would invest in at the right price, but the stars haven’t aligned (yet). With that all out of the way, here’s an overview of The Bear Cave’s thesis (from the introduction of “Problems at Airbnb”):